W

Wayfair Inc - Ordinary Shares - Class A

Consumer, TMT


Presented:06/20/2023
Price:$56.52
Cap:$6.35B
Current Price:$53.14
Cap:$6.56B

Presented

Date06/20/2023
Price$56.52
Market Cap$6.35B
Ent Value$6.73B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S112.29M
Ave Daily Vol5,465,142
Short Int45.41%

Current

Price$53.14
Market Cap$6.56B
Wayfair, Inc. engages in an online home furnishing store. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the company's five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through product sales in international sites. The company was founded by Steven K. Conine and Niraj S. Shah in May 2002 and is headquartered in Boston, MA.

Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), Target Corp (TGT), Walmart Inc (WMT), Wayfair Inc (W)

Highlights

The presenter is long shares of Wayfair Inc (W), which has experienced tremendous volatility over the past six years and especially since COVID. Wayfair was a massive COVID winner as demand skyrocketed around the same time that pre-pandemic cost savings initiatives were being realized. Soon afterwards, global supply chain shortages significantly hampered sales and its marketplace model, while the company was simultaneously ramping investment in growth. With supply normalizing and costs once again rationalizing, Wayfair is starting to hit its stride again. It is expected to become EBITDA positive for the year, with the Street forecasting 2023 EBITDA margins under 1%. Meanwhile, the presenter expects 4% – 5% EBITDA margins, eventually exceeding 10%. Based on that outlook, he thinks the company will be worth significantly more than its $8B EV over time.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.